Aerosmith have been forced to withdraw from their festival appearances in Shanghai and Taipei because the local promoter was unable to meet contractual obligations.

The band explained: "It is with sincere regret that Aerosmith has announced that it must cancel two previously scheduled festival gigs Wednesday, August 21st in Shanghai and Saturday, August 24th in Taipei. Aerosmith shares the disappointment of their supportive fans in Shanghai and Taipei and they hope to see them soon."

"We are extremely upset to have disappointed our dedicated fans," says Steven Tyler. "They have welcomed us into their country and due to uncontrollable circumstances we will not be able to perform. We were so excited to share our music with them and look forward to one day returning and giving them the show they deserve."

"We're disappointed as we wanted to play for our fans," said Joe Perry. "We've looked forward to this for a lifetime."

"It's always been a dream of ours to play in Shanghai and Taipei, and meet our fans there," Tom Hamilton says. "We were really looking forward to visiting Shanghai and Taipei and playing for our fans there and are very disappointed that these two shows have been cancelled."

"I'm disappointed we weren't able to play for our fans in China, however the circumstances were beyond our control." says Joey Kramer. "I sincerely hope Aerosmith will get another opportunity to come back to Shanghai and Taiwan to play for our many fans there."